That contrasts with turnover of £98.5m and a £5.7m loss a year earlier.

A deal for Lagan Construction Group to take over H&J Martin was first revealed by the Belfast Telegraph early last year.

The firm says the accounts note that “the company’s turnaround is due to the successful implementation of a new strategy to sell non-core assets, reduce turnover and focus on higher margin sectors within its fit-out and asset management services divisions”.

Following the takeover, Lagan Construction Group appointed a new executive team. That included managing director, Jon Adams and finance director, Gerard O’Callaghan.

H&J Martin managing director, Jon Adams, said:

“We have been delighted with the turnaround in the business and with our refocused customer centric model there is a healthy outlook for the company ahead.”

And group chief executive, Colin Loughran, said:

“Strategically H&J Martin was a good fit for the Lagan Construction Group of companies and we are pleased how the company has integrated into our wider business.”

Online Editors

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